Volkswagen AG (OTCMKTS:VLKAY) Given Consensus Recommendation of “Hold” by Brokerages
Volkswagen AG (OTCMKTS:VLKAY) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock. Four analysts have rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $35.00.
Separately, Jefferies Group initiated coverage on Volkswagen AG in a research report on Tuesday, August 9th. They issued an “underperform” rating on the stock.
Shares of Volkswagen AG (OTCMKTS:VLKAY) traded up 1.50% during mid-day trading on Monday, reaching $29.68. The company’s stock had a trading volume of 320,272 shares. The stock’s market capitalization is $74.39 billion. Volkswagen AG has a 12 month low of $24.50 and a 12 month high of $32.18. The company has a 50 day moving average price of $28.99 and a 200 day moving average price of $29.25.
About Volkswagen AG
Volkswagen AG is a Germany-based automobile manufacturer and a carmaker in Europe. The Company develops vehicles and components, and produces and sells vehicles, in particular passenger cars and light commercial vehicles for the passenger cars and commercial vehicles brands. The activities of the Company’s Automotive division consists of the development of vehicles and engines, the production and sale of passenger cars, light commercial vehicles, trucks, buses and motorcycles, as well as the genuine parts, large-bore diesel engines, turbomachinery, special gear units, propulsion components and testing systems businesses.
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